TIDMZTF

RNS Number : 7823B

Zotefoams PLC

06 June 2023

Zotefoams plc

("Zotefoams")

Nike Exclusivity Agreement Extension

6 June 2023 - Zotefoams, a world leader in cellular materials technology, is pleased to announce that its exclusivity agreement with Nike to develop footwear technology and supply materials to the global footwear, apparel and equipment company has been extended to 31 December 2029.

The agreement sets out the terms and conditions under which Zotefoams supply Nike exclusively with high-performance foam materials within the footwear industry.

Due to the confidentiality surrounding this agreement, Zotefoams is unable to disclose the specific details of the agreement. Other than its length, all other conditions within the agreement remain unchanged.

- Ends -

Enquiries:

 
 Zotefoams plc                 +44 (0) 208 664 1600 
 David Stirling, Group CEO 
  Gary McGrath, Group CFO 
 IFC Advisory (Financial PR 
  & IR)                        +44 (0) 203 934 6630 
 Graham Herring 
  Tim Metcalfe 
  Zach Cohen

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology delivering optimal material solutions for the benefit of society. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE(R) polyolefin and ZOTEK(R) high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT(R) advanced insulation for demanding industrial markets. Zotefoams also owns and licenses patented microcellular foam technology to reduce plastic use in extrusion applications and for ReZorce(R) mono-material recyclable barrier packaging.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA and Stilling, Denmark (microcellular foam technology) and Jiangsu Province, China (T-FIT).

www.zotefoams.com

AZOTE(R) , ZOTEK(R) , ReZorce(R) and T-FIT(R) are registered trademarks of Zotefoams plc.

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June 06, 2023 03:00 ET (07:00 GMT)

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